HOWTO SAVE MONEY

Wed­ding costs can add up quickly so de­vise a plan

Mackay and Whitsundays Wedding Guide - - Contents - Source: www.mon­eysmart.gov.au/man­ag­ingy­our-money/bud­get­ing/simple-waysto-save-money/how-much-can-awed­ding-cost

PLAN­NING a wed­ding can be a stress­ful and ex­pen­sive ex­pe­ri­ence, so to keep the stress down you should al­ways re­mem­ber the costs.

Break down your bud­get early to re­duce the stress later on.

Ac­cord­ing to Mon­eysmart, the av­er­age Aus­tralian wed­ding costs $36,200.

Food, al­co­hol and the venue take up most of that cost, av­er­ag­ing $18,683.

Cloth­ing comes next at $4271, photography av­er­ages about $3982, and en­ter­tain­ment, decorations and trans­port/ac­com­mo­da­tion all av­er­age about $2000 each.

Aus­tralians use a mix­ture of meth­ods to pay for wed­dings, in­clud­ing us­ing sav­ings, loans, con­tri­bu­tions from par­ents and credit cards.

Mon­eysmart of­fered tips to re­duce the cost of a wed­ding: :: Talk about money early with your part­ner and both sets of par­ents (if they are in­volved) :: Pri­ori­tise your dreams and start sav­ing early :: Make a wed­ding bud­get based on what you can af­ford and stick to it :: Shop around, get lots of quotes and hag­gle :: Don’t tell sup­pli­ers it is for a wed­ding :: Have an out-of-sea­son wed­ding (in win­ter or on a Fri­day, for ex­am­ple) :: Cut your guest list (ask your­self, is this per­son an ac­tive part your life?) :: Save on dec­o­rat­ing costs by do­ing them your­self or en­list­ing a friend :: Have a back­yard wed­ding or use a friend’s place :: Spread out your wed­ding bills across a few months so you don t get all the bills at once

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